FTSE 100 close: Wizz Air nosedives while JD Sports and 3i shine in London January 26, 2023 London’s FTSE 100 jumped today, led higher by private equity firm 3i soaring after it dropped a strong crop of results, prompting traders to pile into its shares. The capital’s premier index climbed 0.22 per cent to 7,761.55 points, while the domestically-focused FTSE 250 index, which better reflects the health of the UK economy, leapt [...]
Over 6,000 more jobs cut as IBM and SAP follow tech giants in mass layoffs January 26, 2023 Tech firms IBM and SAP have today both announced mass layoffs set to affect over 6,000 jobs, joining the tech downturn of 2023. IBM Corp, an American multinational technology corporation, today announced 3,900 layoffs while European tech firm SAP said it planned to cut 3,000 staff. News of the layoff sent IBM’s share price two [...]
Yes it’s cold and dark, but London will find a way to beat the January blues January 26, 2023 London has so much to offer this winter. Brave the cold, and go check out the new Battersea Power Station, the restaurants of Coal Drops Yard or the iconic Ikoy on the Strand, writes Alex Cheatle
FTSE 100 close: Barclays, HSBC and Easyjet shine on otherwise poor day in London January 25, 2023 London’s FTSE 100 today gave up morning gains to finish lower before stronger-than-expected retail earnings provided a balm against recession fears. The capital’s premier index fell 0.22 per cent to 7,740.34 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slid 0.38 per cent to [...]
The Notebook: Jimmy McLoughlin on ChatGPT, a healthy EY boss and the Scotch industry January 25, 2023 The political aide turned podcast host riffs on ChatGPT, the Scotch industry and RSVPs to the party of the year
Pub body slams energy firms over sky-high bills amid calls for Ofgem investigation January 25, 2023 The UK's leading pub body went to war with the country’s energy firms yesterday, accusing them of profiteering.
Royal Mail boss called back to parliament after allegations of giving ‘not wholly correct’ answers January 24, 2023 Simon Thompson, chief executive of Royal Mail, has been recalled to parliament after facing allegations that he gave innaccurate information to MPs during a Business, Energy and Industrial Strategy (BEIS) Committee last week. The Committee, which took place last Tuesday to discuss Royal Mail’s operations, prompted a “significant amount” of Royal Mail employees across the [...]
THG brings in new finance chief ahead of bleak looking year January 24, 2023 E-commerce giant THG has hired Damian Sanders as its new chief financial officer amid a recent slew of negative earning reports and a collapse in share price. Following a global search, the troubled British firm has landed on Sanders as the replacement for John Gallemore, who is moving over to the role of chief operating [...]
Yule be happy: Christmas trading powers Primark owner’s rising revenues January 24, 2023 Food processing giant and Primark owner Associated British Foods has posted a bullish trading update, unveiling an upturn in revenues.
Marston’s bucks hospitality trend as historic pub chain reports bumper festive period January 24, 2023 Pub and hotel operator Marston’s has reported bumper sales over the Christmas period as Brits treated a pint as an “affordable treat”. The historic London-listed firm, founded in 1834, said like-for-like sales were up 12.9 per cent on Omicron-affected 2022, for the 16 weeks to 21 January. Marston’s has however experienced difficulties in this time [...]